Jefferies Reiterates an 'Underperform' on Canadian National Railway (CNI); Good Quarter, Poor Guidance

Jefferies reiterates an 'Underperform' on Canadian National Railway (NYSE: CNI) price target raised from $66 to $69.

Analyst, Peter Nesvold, said, "CNI's 1Q EPS beat consensus by 15% on better top line and operating results. Despite the upside results, flat guidance and limited opportunity for further margin expansion cap upside. Reiterate Underperform, as we see better margin expansion opportunities elsewhere in transports." (Jefferies raises FY12 EPS estimate from $5.26 to $5.33)

For an analyst ratings summary and ratings history on Canadian National Railway click here. For more ratings news on Canadian National Railway click here.

Shares of Canadian National Railway closed at $80.01 yesterday.

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